kicked off on Monday, with Bristol-Myers Squibb Co. (NYSE: BMY) stock price up 1.21% from the previous day of trading, before settling in for the closing price of $49.41. BMY’s price has ranged from $39.35 to $59.46 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 16.92%. Meanwhile, its annual earnings per share averaged -90.05%. With a float of $2.03 billion, this company’s outstanding shares have now reached $2.03 billion.
Considering the fact that the conglomerate employs 34100 people, you should pay attention to its efficiency factor.
Bristol-Myers Squibb Co. (BMY) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – General Industry. The insider ownership of Bristol-Myers Squibb Co. is 0.08%, while institutional ownership is 77.23%. The most recent insider transaction that took place on Dec 05 ’23, was worth 99,560. In this transaction Chief Executive Officer of this company bought 2,000 shares at a rate of $49.78, taking the stock ownership to the 82,672 shares. Before that another transaction happened on Nov 28 ’23, when Company’s Chief Executive Officer bought 3,071 for $48.86, making the entire transaction worth $150,049. This insider now owns 79,384 shares in total.
Bristol-Myers Squibb Co. (BMY) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.82 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -90.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.81% during the next five years compared to 5.14% growth over the previous five years of trading.
Bristol-Myers Squibb Co. (NYSE: BMY) Trading Performance Indicators
Here are Bristol-Myers Squibb Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.18. Likewise, its price to free cash flow for the trailing twelve months is 7.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.26, a number that is poised to hit 1.59 in the next quarter and is forecasted to reach 6.96 in one year’s time.
Technical Analysis of Bristol-Myers Squibb Co. (BMY)
Compared to the last year’s volume of 15.03 million, its volume of 12.7 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 66.12%. Additionally, its Average True Range was 1.13.
During the past 100 days, Bristol-Myers Squibb Co.’s (BMY) raw stochastic average was set at 90.03%, which indicates a significant increase from 76.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.48% in the past 14 days, which was lower than the 29.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.68, while its 200-day Moving Average is $47.72. Nevertheless, the first resistance level for the watch stands at $50.33 in the near term. At $50.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.08. If the price goes on to break the first support level at $49.58, it is likely to go to the next support level at $49.16. Should the price break the second support level, the third support level stands at $48.84.
Bristol-Myers Squibb Co. (NYSE: BMY) Key Stats
With a market capitalization of 101.39 billion, the company has a total of 2,027,100K Shares Outstanding. Currently, annual sales are 45,006 M while annual income is 8,025 M. The company’s previous quarter sales were 12,201 M while its latest quarter income was 1,680 M.
